Flipping America

FAR 184 Opportunity Spotting Expected Air Date: 9/8/18 Opening I get asked all the time about the market. When will this booming market end? Are we heading for a crash? When will it happen? How will it happen? What should I do to prepare? What’s it like to live through a market crash? Where is the opportunity now? What is the hottest market? Where should I be looking for deals? What’s it like to live in another country? Ok, that last one is a bit unrelated, but hey, during the crash, I considered finding out! Seriously though, everyone wants to know where they should be and what they should be doing. We spend time on this show figuring out just those answers and sharing them with you and we plan to continue for the foreseeable future. But today I’m going to teach you how to look for those opportunities yourself - just in case you want to know. So I’m going to provide the data points and the characteristics of a market that is, in our view, ripe for the picking. It’s like serving fish versus teaching you how to fish. We are going to keep on serving information you need, but today we are going to peek behind the curtain for a few minutes so you can read the circumstances like we do. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

Topic: Opportunity Spotting Motivational Thoughts for the day

• Act as if what you do makes a difference. It does. William James

FAR 183 Return Expected Air Date: 9/6/18 Opening Today we are going to talk about Returns. I'm not talking about tax returns - perhaps that's another show. I'm talking about the Returns you receive. Yes I'll discuss Return on Investment, but there's also Return on Cash, Return on Equity Return on Assets. But there are other Returns in life beside the financial. There's a Return on Effort, a Return on Deeds, a Return on Principles. Some of these things are difficult to precisely quantify, but we are going to do our best to provide food for your thinking. And I'm going to recommend you think through your investing decisions and using the ideas I'm sharing today, nearly every decision you make in your business is a type of investment and it will bring a "return." There is a law of sowing and reaping discussed in the Bible. Some of us spend our youth sowing wild oats and then spend our adulthood praying for crop failure. Similar to this idea is the idea of Karma. We all have a few people that we would really like to say, "see that light ahead? That's not the end of the tunnel, it's the headlight of the Karma train about to visit you up close and personal." From the computer business we get the old phrase GIGO - Garbage In Garbage Out. A computer can do amazing things amazingly fast, but the results are only as good as the programming that goes into it. All of these are just different ways of saying you get out of your investments, your job, your relationships, your church, your hobbies, your LIFE -- what you put into them. And this is generally true. So we are going to think about this, try to quantify some of it, and perhaps most importantly, try to help you understand how to respond and what to invest when you are on the wrong end of injustice. Because you know, sometimes life hands you a basket full of difficulties before you've ever had a chance to make mistakes. Occasionally we begin with an uphill struggle. It's easy to think this is unfortunate, but for many, this challenging situation was the crucible in which their character, dedication, and determination were forged. And we MUST deal with the question of how to respond to a wrong when all we have done is sow good seed. We've invested kindness and it what we got in return was lies, cruelty, and heartache. I'm going to do my best to answer those questions in a few minutes when we talk about Returns. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

• https://www.investopedia.com/terms/r/return.asp
• https://www.investopedia.com/terms/r/returnonassets.asp
• https://www.investopedia.com/investing/roa-and-roe-give-clear-picture-corporate-health/

Topic: Returns Financial Returns

• Return on Investment
• Return on Cash (annualize these)
• Return on Equity
• Return on Assets

Non Financial Returns

• Return on Effort
• Return on Deeds
• Return on Principles

Emails: [email protected] Tell us where you're from!

• Buster, Colorado Springs, CO "I've bought a ski resort cabin with my self-directed IRA. What is the limit on how much time I can use it each year?"
• Andi, Long Beach, CA "I'm looking at a flip here in Long Beach. The house is a run down 1800 sf 3/1 that I can buy for 600k. I put 70k into it and can sell it for 800. But when I calculate the interest for a loan to do this, it almost seems not worth doing. I have to put $100,000 into it and in the end I'll net about 30k. Am I looking at this wrong? Is there something else I should be doing with the money?"
• Caroline, Birmingham, AL "I just heard about your Menternship and read about it on your website. Am I too late to join?"
• Albert, Harrisburg, PA, "How do you handle buying deals from HUD, Banks, or wholesalers that do not allow a due diligence period?"

Motivational Thoughts for the day

• Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller

FAR 183 Return Expected Air Date: 9/6/18 Opening Today we are going to talk about Returns. I’m not talking about tax returns - perhaps that’s another show. I’m talking about the Returns you receive. Yes I’ll discuss Return on Investment, but there’s also Return on Cash, Return on Equity Return on Assets. But there are other Returns in life beside the financial. There’s a Return on Effort, a Return on Deeds, a Return on Principles. Some of these things are difficult to precisely quantify, but we are going to do our best to provide food for your thinking. And I’m going to recommend you think through your investing decisions and using the ideas I’m sharing today, nearly every decision you make in your business is a type of investment and it will bring a “return.” There is a law of sowing and reaping discussed in the Bible. Some of us spend our youth sowing wild oats and then spend our adulthood praying for crop failure. Similar to this idea is the idea of Karma. We all have a few people that we would really like to say, “see that light ahead? That’s not the end of the tunnel, it’s the headlight of the Karma train about to visit you up close and personal.” From the computer business we get the old phrase GIGO - Garbage In Garbage Out. A computer can do amazing things amazingly fast, but the results are only as good as the programming that goes into it. All of these are just different ways of saying you get out of your investments, your job, your relationships, your church, your hobbies, your LIFE -- what you put into them. And this is generally true. So we are going to think about this, try to quantify some of it, and perhaps most importantly, try to help you understand how to respond and what to invest when you are on the wrong end of injustice. Because you know, sometimes life hands you a basket full of difficulties before you’ve ever had a chance to make mistakes. Occasionally we begin with an uphill struggle. It’s easy to think this is unfortunate, but for many, this challenging situation was the crucible in which their character, dedication, and determination were forged. And we MUST deal with the question of how to respond to a wrong when all we have done is sow good seed. We’ve invested kindness and it what we got in return was lies, cruelty, and heartache. I’m going to do my best to answer those questions in a few minutes when we talk about Returns. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

News!

• https://www.investopedia.com/terms/r/return.asp
• https://www.investopedia.com/terms/r/returnonassets.asp
• https://www.investopedia.com/investing/roa-and-roe-give-clear-picture-corporate-health/

Topic: Returns Financial Returns

• Return on Investment
• Return on Cash (annualize these)
• Return on Equity
• Return on Assets

Non Financial Returns

• Return on Effort
• Return on Deeds
• Return on Principles

Emails: [email protected] Tell us where you’re from!

• Buster, Colorado Springs, CO “I’ve bought a ski resort cabin with my self-directed IRA. What is the limit on how much time I can use it each year?”
• Andi, Long Beach, CA “I’m looking at a flip here in Long Beach. The house is a run down 1800 sf 3/1 that I can buy for 600k. I put 70k into it and can sell it for 800. But when I calculate the interest for a loan to do this, it almost seems not worth doing. I have to put $100,000 into it and in the end I’ll net about 30k. Am I looking at this wrong? Is there something else I should be doing with the money?”
• Caroline, Birmingham, AL “I just heard about your Menternship and read about it on your website. Am I too late to join?”
• Albert, Harrisburg, PA, “How do you handle buying deals from HUD, Banks, or wholesalers that do not allow a due diligence period?”

Motivational Thoughts for the day

• Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. Helen Keller

FAR 182 Expected Air Date: 8/30/18 Opening I realized after we concluded Monday's show that I had promised to make fun of a "news" story about real estate and I had just run out of time. So I'm leading off today by keeping that promise to you. Real estate is not a controversial topic and is largely apolitical. We try our best to keep politics out of this show. But I suppose I shouldn't be surprised when a reporter's bias sneaks through in subtle ways. That's my reason for sharing this article with you - not because I deeply care about what she is wrong about, but because I want YOU to pay attention to the way words can reflect bias and shape opinion. So here comes the headline... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

• https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/

Emails: [email protected] Tell us where you're from!

• Madison, Atlanta, GA, "When you are renovating something to rent, how is that different from renovating to sell?"
• Carl, Charlotte, NC, "I wanted to come to your mentoring classes this week but just couldn't get away from here for four days. Will you be coming to Charlotte or do you have an online course I can take?"
• Evan, Lancaster, PA, "What are the numbers I should look for when buying something to flip?"
• Charlene, Villages of Ocala, FL, "I have half a dozen possibilities here, and none of them fit the MAO formula, but they are all coming in about 80% of ARV. The good news is, I can buy four of them subject to. Do you ever make exceptions on your MAO rule if you can use creative financing to buy them?"
• Elian, Jacksonville, FL, "Is the 'no money down' deal really possible? If so, how does it work?"
• Rachel, Elizabethtown, KY "How do you decide whether to keep a property to flip or keep it for a rental?"

Motivational Thoughts for the day

• Act as if what you do makes a difference. It does. William James

FAR 182 Expected Air Date: 8/30/18 Opening I realized after we concluded Monday’s show that I had promised to make fun of a “news” story about real estate and I had just run out of time. So I’m leading off today by keeping that promise to you. Real estate is not a controversial topic and is largely apolitical. We try our best to keep politics out of this show. But I suppose I shouldn’t be surprised when a reporter’s bias sneaks through in subtle ways. That’s my reason for sharing this article with you - not because I deeply care about what she is wrong about, but because I want YOU to pay attention to the way words can reflect bias and shape opinion. So here comes the headline... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• September 12, Chantelle Owens at Flipping Atlanta, Tax Liens
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

News!

• https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/

Emails: [email protected] Tell us where you’re from!

• Madison, Atlanta, GA, “When you are renovating something to rent, how is that different from renovating to sell?”
• Carl, Charlotte, NC, “I wanted to come to your mentoring classes this week but just couldn’t get away from here for four days. Will you be coming to Charlotte or do you have an online course I can take?”
• Evan, Lancaster, PA, “What are the numbers I should look for when buying something to flip?”
• Charlene, Villages of Ocala, FL, “I have half a dozen possibilities here, and none of them fit the MAO formula, but they are all coming in about 80% of ARV. The good news is, I can buy four of them subject to. Do you ever make exceptions on your MAO rule if you can use creative financing to buy them?”
• Elian, Jacksonville, FL, “Is the ‘no money down’ deal really possible? If so, how does it work?”
• Rachel, Elizabethtown, KY “How do you decide whether to keep a property to flip or keep it for a rental?”

Motivational Thoughts for the day

• Act as if what you do makes a difference. It does. William James

FAR 181 Expected Air Date: 8/27/18 Opening Good morning everyone! A year ago I predicted that by mid-2018 the real estate sales would be slowing down and heading toward a balanced market. Was I right? I've got the answer for you today. A month ago it looked like I had missed on this prediction but there is more news today that points to a conclusive trend. In a few minutes I'm going to dig into the new data. I'm also going to pick on a "not news" story disguised as news. Rather than just labeling it "fake news" and moving on, I'm going to show you how bias can affect a choice of words that could lead readers to a desired, yet not necessarily correct conclusion. Today we are going to dig into more of your questions about the opportunities out there and some of the challenges you are facing. All this is coming up in a few moments. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year's worth of training and guidance. But our commitment to you doesn't end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let's talk about $50,000.
  • The cost is $12,967, but if you use the coupon code "radio" your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There's just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

• https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/
• https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/
• https://www.realtor.com/news/real-estate-news/existing-home-sales-fell-fourth-straight-month-july/
• https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/
• https://www.nreionline.com/lending/new-opportunities-open-capital-markets-amid-dodd-frank-rollbacks
• https://www.nreionline.com/finance-investment/what-every-real-estate-investor-should-know-about-cost-segregation
• https://constructionliens.uslegal.com/

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Milton, Kansas City, MO, "I heard you talk about a Commencement of Work document and I wonder if you know whether it is required or recommended in Missouri?" https://constructionliens.uslegal.com/
• Harold, Detroit, MI, "We have so many types of opportunities here in Detroit right now - older homes in the city and relatively newer homes in the close-in suburbs - but they are still 40 years old. I'm not sure where to start or should I just take the first opportunity that comes to me?"
• Jennifer, Nashville TN, "I am working on a rehab project and when I go visit the site I really don't know what they are doing or how well they are doing it. I'm faking it, and I think they might know I'm faking it. How do I get the knowledge I need?"
  • Community College
  • Big Box store courses
  • Do something yourself - get advice from your local building supply store.
  • Don't be afraid to ask questions. Don't be afraid to look dumb. You are not expected to be an expert in home construction right now. The contractor will respect your honesty and your ability to put the deal together.
• Ashley, Boulder, CO, "I'm having a problem getting a contractor to even look at my rental house. Everyone claims they are too busy. I think it's because I'm a woman. I know you are a man but do you find that other women have this problem? Have you seen them overcome it and if so, how?"
• Al, Ann Arbor, MI "I'm doing a few flips each year here in my area but people are talking a lot about Detroit. It's about a hour's drive for me but I'm wondering what you would do in my shoes?"
• Steven, Waukesha, WI "It's late August and I'm looking at a couple of real deals here, but winter is coming and I'll be trying to sell them in January. Should I hold off?"

Motivational Thoughts for the day

• Act as if what you do makes a difference. It does. William James

FAR 181 Expected Air Date: 8/27/18 Opening Good morning everyone! A year ago I predicted that by mid-2018 the real estate sales would be slowing down and heading toward a balanced market. Was I right? I’ve got the answer for you today. A month ago it looked like I had missed on this prediction but there is more news today that points to a conclusive trend. In a few minutes I’m going to dig into the new data. I’m also going to pick on a “not news” story disguised as news. Rather than just labeling it “fake news” and moving on, I’m going to show you how bias can affect a choice of words that could lead readers to a desired, yet not necessarily correct conclusion. Today we are going to dig into more of your questions about the opportunities out there and some of the challenges you are facing. All this is coming up in a few moments. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let’s talk about $50,000.
  • The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

News!

• https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/
• https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-sales-report/
• https://www.realtor.com/news/real-estate-news/existing-home-sales-fell-fourth-straight-month-july/
• https://www.realtor.com/news/real-estate-news/mortgage-rates-tumble-housing-starts-drag-economy/
• https://www.nreionline.com/lending/new-opportunities-open-capital-markets-amid-dodd-frank-rollbacks
• https://www.nreionline.com/finance-investment/what-every-real-estate-investor-should-know-about-cost-segregation
• https://constructionliens.uslegal.com/

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Milton, Kansas City, MO, “I heard you talk about a Commencement of Work document and I wonder if you know whether it is required or recommended in Missouri?” https://constructionliens.uslegal.com/
• Harold, Detroit, MI, “We have so many types of opportunities here in Detroit right now - older homes in the city and relatively newer homes in the close-in suburbs - but they are still 40 years old. I’m not sure where to start or should I just take the first opportunity that comes to me?”
• Jennifer, Nashville TN, “I am working on a rehab project and when I go visit the site I really don’t know what they are doing or how well they are doing it. I’m faking it, and I think they might know I’m faking it. How do I get the knowledge I need?”
  • Community College
  • Big Box store courses
  • Do something yourself - get advice from your local building supply store.
  • Don’t be afraid to ask questions. Don’t be afraid to look dumb. You are not expected to be an expert in home construction right now. The contractor will respect your honesty and your ability to put the deal together.
• Ashley, Boulder, CO, “I’m having a problem getting a contractor to even look at my rental house. Everyone claims they are too busy. I think it’s because I’m a woman. I know you are a man but do you find that other women have this problem? Have you seen them overcome it and if so, how?”
• Al, Ann Arbor, MI “I’m doing a few flips each year here in my area but people are talking a lot about Detroit. It’s about a hour’s drive for me but I’m wondering what you would do in my shoes?”
• Steven, Waukesha, WI “It’s late August and I’m looking at a couple of real deals here, but winter is coming and I’ll be trying to sell them in January. Should I hold off?”

Motivational Thoughts for the day

• Act as if what you do makes a difference. It does. William James

FAR 180 Expected Air Date: 8/25/18 Opening We get one chance at this life. We owe it to ourselves to get it right. That doesn't mean we should expect perfection. What it DOES mean is we should take enough time to think about what we are doing and where we are going to improve the quality of our decisions along the way. When it comes to real estate it's easy to make a $10,000 mistake. But if you make enough of those you are going to wind up in trouble. Today we are going to help you get it right -- Get it right when you purchase a property. Get it right when you create a repair budget. Get it right when you make repairs. Get it right when you rent it out. Get it right when you sell it. You'll find that if you're willing to go to war with the details and get some things right, your business is going go better and let's face it, if your business goes better, life goes better. In the news coming up we FINALLY have a reason to go to Baltimore. Ok, no offense to Pat Dornan with Ultimate Rehab Estimator, but Baltimore isn't one of our favorite places to visit, but that's about to change. I'll tell you why coming up. Also today, the world's largest Sovereign Wealth Fund missed it's quarterly return target for the second quarter in a row. I'll tell you about the fund and what a pitiful job they are doing in just a few minutes. Also on the show today, some things you need to know about flood insurance and living in a flood zone. All that and more coming up... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• TONIGHT the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA 6:30 pm
• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year's worth of training and guidance. But our commitment to you doesn't end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let's talk about $50,000.
  • The cost is $12,967, but if you use the coupon code "radio" your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There's just a few seats left.
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

• https://www.cnbc.com/2018/08/21/the-worlds-largest-sovereign-wealth-fund-just-missed-its-own-target.html
• https://www.cnbc.com/video/2018/08/16/housing-market-shifting-to-buyers-homebuyer-home-seller.html
• https://www.realtor.com/news/real-estate-news/
• https://www.cnbc.com/2018/08/14/5-things-homebuyers-must-know-about-flood-insurance-.html
• https://www.cnbc.com/2018/08/14/ireland-in-maryland-guinness-opens-first-us-brewery-in-60-years.html

Topic: Get it Right Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Evangelina, Baltimore, MD, "I understand the MAO formula. But I can't find any deals that fit that number. Several of my friends are buying above the price that formula recommends and they seem to be doing ok. Can you explain some of the reasoning behind it?"
• Roderick, Tampa, FL, "I want to buy rental properties. It seems like if the property has $200/month or more in positive cash flow I should be fine. But one of my friends said I should check with you. No offense but I had never heard of you until now. Am I missing something here? $2400 a year is good money and with 10 of those I can quit my job."
• Stephen, Boulder, CO, "Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?"
• Sherry, Sebring, FL, "What are the key steps when buying a flip project in another town?"
• Lynetta, Jackson, WY, "We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50's and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can't help but wonder if our cash is better off elsewhere."
• Rhonda, Milwaukee, "Estimating a rehab is overwhelming to me. I just don't know where to start. Please help."

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar

FAR 180 Expected Air Date: 8/25/18 Opening We get one chance at this life. We owe it to ourselves to get it right. That doesn’t mean we should expect perfection. What it DOES mean is we should take enough time to think about what we are doing and where we are going to improve the quality of our decisions along the way. When it comes to real estate it’s easy to make a $10,000 mistake. But if you make enough of those you are going to wind up in trouble. Today we are going to help you get it right -- Get it right when you purchase a property. Get it right when you create a repair budget. Get it right when you make repairs. Get it right when you rent it out. Get it right when you sell it. You’ll find that if you’re willing to go to war with the details and get some things right, your business is going go better and let’s face it, if your business goes better, life goes better. In the news coming up we FINALLY have a reason to go to Baltimore. Ok, no offense to Pat Dornan with Ultimate Rehab Estimator, but Baltimore isn’t one of our favorite places to visit, but that’s about to change. I’ll tell you why coming up. Also today, the world’s largest Sovereign Wealth Fund missed it’s quarterly return target for the second quarter in a row. I’ll tell you about the fund and what a pitiful job they are doing in just a few minutes. Also on the show today, some things you need to know about flood insurance and living in a flood zone. All that and more coming up... How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• TONIGHT the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA 6:30 pm
• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year’s worth of training and guidance. But our commitment to you doesn’t end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let’s talk about $50,000.
  • The cost is $12,967, but if you use the coupon code “radio” your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There’s just a few seats left.
• Lunch with me every Wednesday.
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.  

News!

• https://www.cnbc.com/2018/08/21/the-worlds-largest-sovereign-wealth-fund-just-missed-its-own-target.html
• https://www.cnbc.com/video/2018/08/16/housing-market-shifting-to-buyers-homebuyer-home-seller.html
• https://www.realtor.com/news/real-estate-news/
• https://www.cnbc.com/2018/08/14/5-things-homebuyers-must-know-about-flood-insurance-.html
• https://www.cnbc.com/2018/08/14/ireland-in-maryland-guinness-opens-first-us-brewery-in-60-years.html

Topic: Get it Right Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you’re from!

• Evangelina, Baltimore, MD, “I understand the MAO formula. But I can’t find any deals that fit that number. Several of my friends are buying above the price that formula recommends and they seem to be doing ok. Can you explain some of the reasoning behind it?”
• Roderick, Tampa, FL, “I want to buy rental properties. It seems like if the property has $200/month or more in positive cash flow I should be fine. But one of my friends said I should check with you. No offense but I had never heard of you until now. Am I missing something here? $2400 a year is good money and with 10 of those I can quit my job.”
• Stephen, Boulder, CO, “Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?”
• Sherry, Sebring, FL, “What are the key steps when buying a flip project in another town?”
• Lynetta, Jackson, WY, “We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50’s and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can’t help but wonder if our cash is better off elsewhere.”
• Rhonda, Milwaukee, “Estimating a rehab is overwhelming to me. I just don’t know where to start. Please help.”

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar

FAR 179 Expected Air Date: 8/23/18 Opening We've had great feedback from the home technology show with Don DeRosa. If you missed it you can still listen to it both on the Flipping America App, where it is show # 147 or watch the video of the interview on our YouTube Channel. But we continue to get questions about technology, not just the technology we put into our properties, but the technology we use to make our businesses run and work. A little later on, I'm going to answer that question for you and tell you about the technology solutions we use here in our business. And I'm going to answer a question we get quite often: "How do you send out social media messages all day long? Do you have an employee that just sits there tweeting thing s out?" Fannie Mae and Freddie Mac are out with a new loan product this month which I believe will have a significant impact in 5 years and that impact won't be a good thing. But take heart investors! With every dumb decision followed by inevitable loss and heartache, there is opportunity for someone. I'm going to break down the news, tell you what's going to happen, and prepare you for the fallout. How to contact us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it's worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:

• The Flipping America Mentoring Program, August 28-31, Sandy Springs, GA
  • Menternship Also.
    • Ten Deal Sources explored and explained.
    • Complete Deal Analysis.
    • Finding the re-sale value of any residential property in the U.S.
    • How to estimate repairs from your desktop.
    • How to finalize a repair estimate through a site visit.
    • Structuring your business for effectiveness and asset protection
    • How to set up a web site for your business.
    • Understanding the various ways to get your deal funded.
    • Learn creative deal structures.
    • The mini-course in negotiating
    • The full course in renovation.
      • How to find, vet, and hire contractors.
      • How to manage the process
      • How to solve the inevitable problems that arise.
    • Learn how you could get your deal 100% funded - not just your next one, but every deal you ever do from now on.
    • Get all the forms, the documents, the checklists, the procedures
    • Get the scripts for your conversations
      • Hiring questions for realtors and contractors
      • Answering the phone
      • Talking to sellers
        • Build rapport
        • Get key information
        • Learn motivation
    • The course comes with on-going weekly group coaching calls
    • You also get one-on-one guidance through your first four flips.
  • This is the three day dive into a year's worth of training and guidance. But our commitment to you doesn't end in one year. We are with you at LEAST through your first four flips and definitely until you have more than doubled your training investment.
  • What is the investment? What is reasonable? Let's talk about $50,000.
  • The cost is $12,967, but if you use the coupon code "radio" your cost is $9,967.
  • Go to www.flippingamericanetwork.com/Mentoring and sign up today. We only take about 10 people per class and several have already signed up. There's just a few seats left.
• Lunch with me every Wednesday.
• Monday the 27th of August, speaking at the West REIA, Cherokee Cattle Company, Marietta, GA
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It's a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.

News!

• https://www.foxbusiness.com/personal-finance/fannie-mae-freddie-mac-offer-home-loans-for-3-down

Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: [email protected] Tell us where you're from!

• Vincent, Macon, GA, "It seems that all the great deals are in a bad part of town. Is that true everywhere? How do I make any money there?"
• Elise, Port St. Lucie, FL, "I really liked the show you did on smart home technology. Can you talk a bit about the technology, programs, apps, and other solutions you use in your real estate business?"
• Stephen, Boulder, CO, "Can you explain the difference between cap rate and cash on cash return? What should I be looking for when buying a single family rental?"
• Sherry, Sebring, FL, "What are the key steps when buying a flip project in another town?"
• Lynetta, Jackson, WY, "We want to bounce back and forth between Jackson and Austin, TX, you know, avoiding the weather extremes but getting in some skiing when we want, etc. We are both in our mid 50's and our question is should we buy something in both places or just do longer-term rentals? We could pay cash for both places, but can't help but wonder if our cash is better off elsewhere."

Motivational Thoughts for the day

• "People often say that motivation doesn't last. Well, neither does bathing -- that's why we recommend it daily." -- Zig Ziglar